The diversification of Luxembourg’s financial sector through the process of internationalisation of Chinese Renminbi (RMB) has been, for a long time, one of the main objectives of the Luxembourg authorities. Since the establishment by the Bank of China of its Luxembourg branch in 1979, Industrial and Commercial Bank of China (“ICBC”), China Construction Bank and, very recently, China Merchants Bank (which was registered with the Luxembourg register of commerce and companies on January 22, 2015), have also chosen Luxembourg as their European hub.